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I’ve been keeping an eye on NeuroMetrix, Inc. (NASDAQ:NURO) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe NURO has a lot to offer. Basically, it is a company with strong financial health as well as an optimistic future outlook. Below, I’ve touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, take a look at the report on NeuroMetrix here.

Flawless balance sheet with reasonable growth potential

NURO is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that NURO has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company. Investors should not worry about NURO’s debt levels because the company has none! This implies that the company is running its operations purely on off equity funding. which is typically normal for a small-cap company. Therefore the company has plenty of headroom to grow, and the ability to raise debt should it need to in the future.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.